Ethereum (ETH) is at risk of a 10% decline due to a bearish pattern on the charts. Key points:

- ETH has been on a downtrend since December 2024 and has broken down and retested its breakdown level.
- Technical indicators, such as the RSI and 200 EMA, suggest a potential price rebound.
- Traders maintain a bearish bias, with 52.67% of top traders holding short positions and 47.33% holding long positions.
- Whales and long-term holders appear to be accumulating ETH, with exchanges seeing outflows of over $21 million worth of ETH in the last 24 hours.
- If the bearish sentiment remains, ETH could drop by 10% to hit the $2,850 level.